About: http://data.cimple.eu/news-article/d6a027f212f053a5dfa4adb49f4244e7e078d350ebc17ddb5dd50abb

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About: http://data.cimple.eu/news-article/d6a027f212f053a5dfa4adb49f4244e7e078d350ebc17ddb5dd50abb Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	New car sales in Germany nosedived in January as virus restrictions and the end of a VAT sales tax reduction stifled demand, official data showed Wednesday. A total of 169,754 new cars were registered last month in Europe's largest car market -- down 31 percent on January 2020, the KBA transport authority said. The plunge was caused by "car dealerships being closed due to the pandemic and the VAT rate," according to the German Automobile Association (VDA). The German government had reduced VAT for six months from July to stimulate spending during the virus outbreak, with the new year seeing a return to the higher rate of 19 percent. The cut led to a spike in car sales in December, with new registrations jumping 10 percent year-on-year. But overall in 2020, Germany's key car market plunged to its lowest levels since reunification, with output and sales down dramatically due to the coronavirus pandemic. A total of 2.9 million cars were registered in the country last year, down 19 percent, with production of 3.5 million vehicles reaching the lowest in 45 years, according to the VDA. But there was good news for electric cars in January, with new registrations rising by 129 percent to 36,903. Electric vehicle sales represented 21.7 percent of the total market, according to the VDA. Sales of purely electric cars increased by 118 percent, while new registrations of plug-in hybrids rose by 138 percent. Including hybrids, e-vehicles accounted for 13.5 percent of new registrations in 2020. fec/dlc/bmm
schema:headline	German car sales plunge in January on virus woes
schema:mentions	New York (magazine) Sales tax Electric vehicle Value-added tax Germany European Union Pandemic Virus Coronavirus Plug-in hybrid Verband der Automobilindustrie German reunification
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-02-03 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	62 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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